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HF 2799 Iowa House · 2025-2026 Regular Session

A bill for an act relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repeal of the new jobs tax credit program; the major economic growth attraction program; load forecasting and analysis of electric transmission system expansion plans; creation of the electric transmission system expansion planning and analysis and load forecasting fund; the industrial new jobs training program; and establishing the new jobs training program interim study committee; and including effective date provisions.

This bill creates the Headquarters Expansion and Development for Growth and Employment Program, which offers tax incentives to large companies that keep or expand their corporate headquarters in Iowa. To qualify, businesses must operate in specific industries like technology or advanced manufacturing, generate most of their revenue outside the state, and prove that other states are competing for their location. The legislation also establishes new training funds for business growth and repeals the previous New Jobs Tax Credit Program. Additionally, it sets up a new fund to help plan the expansion of the state's electric transmission system and creates a committee to study job training needs.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill creates economic development programs and tax incentive funds to attract business, directly advancing fiscal management and economic growth goals.85% confidence
Bill status signed all 5 stages cleared
Introduction
May 2026
Committee Review
House Passage
May 2026
Senate Passage
May 2026
Signed into Law
Jun 2026
Introduced May 2, 2026 Signed Jun 2, 2026
Maddy AI version diff · 4 comparisons

What changed between versions

Enrolled with Governor's Action → Reprinted · 3 edits
MINOR
The bill was reprinted from its final enrolled version to a version containing committee markup and formatting from the House Ways and Means Committee. The substantive policy text, including definitions, eligibility criteria, and program requirements, remains unchanged; the differences are primarily structural, such as the addition of committee headers, page numbers, and line numbers used for legislative tracking.
TECHNICAL

Added committee headers, page numbers, and line numbers to the text, which are used for legislative tracking and do not alter the law's content.

Replaced the original line-by-line text format with a standard printed bill layout, including a summary of the bill's purpose at the top.

Added a note indicating the bill is a successor to HSB 755 and includes a date of passage (May 3, 2026), which serves as a record of legislative history.

Floor votes · Senate May 2, 2026

How they voted

41–0
Passed · 8 other
Total votes 49
May 2, 2026
D Democratic15
11 Yea 4
73% Yea
R Republican34
30 Yea 4
88% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
14
Key actions
3
Committee
0
Amendments
1
Jun 2, 2026
Signed into law
Signed by Governor.
lower
May 3, 2026
Upper · Passed
Passed Senate, yeas 41, nays 0.
upper
May 2, 2026
Lower · Passed
Passed House, yeas 78, nays 7.
lower
May 2, 2026
Introduced
Amendment H-8480 filed, adopted.
lower
May 2, 2026
Introduced
Introduced, placed on Ways and Means calendar.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.